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Ministry of Commerce and Industry releases Index of Eight Core Industries  

New Delhi, Feb 28: Ministry of Commerce and Industry on Wednesday has released the Index of Eight Core Industries according to the records until January 2018.

 The Eight Core Industries comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP).  The combined Index of Eight Core Industries stands at 133.1 in January 2018, which was 6.7 percent higher as compared to the index of January 2017. Its cumulative growth during April to January 2017-18 was 4.3 percent.

Coal

Coal production (weight: 10.33 per cent) increased by 3.0 per cent in January, 2018 over January, 2017. Its cumulative index increased by 1.5 per cent during April to January, 2017-18 over corresponding period of the previous year.

Crude Oil

 

Crude Oil production (weight: 8.98 per cent) declined by 3.2 per cent in January, 2018 over January, 2017. Its cumulative index declined by 0.7 per cent during April to January, 2017-18 over the corresponding period of previous year.

Natural Gas

 

 The Natural Gas production (weight: 6.88 per cent) declined by 1.0 per cent in January, 2018 over January, 2017. Its cumulative index increased by 3.5 per cent during April to January, 2017-18 over the corresponding period of previous year.

Refinery Products

 

  Petroleum Refinery production (weight: 28.04 per cent) increased by 11.0 per cent in January, 2018 over January, 2017. Its cumulative index increased by 4.7 per cent during Aprilto January, 2017-18 over the corresponding period of previous year.

Fertilizers

 

 Fertilizers production (weight: 2.63 per cent) declined by 1.6 per cent in January, 2018 over January, 2017. Its cumulative index declined by 0.7 per cent during April to January, 2017-18 over the corresponding period of previous year.

Steel

 

 Steel production (weight: 17.92 per cent) increased by 3.7 per cent in January, 2018 over January, 2017. Its cumulative index increased by 6.4 per cent during April to January, 2017-18 over the corresponding period of previous year.

Cement

 

 Cement production (weight: 5.37 per cent) increased by 20.7 per cent in January, 2018 over January, 2017. Its cumulative index increased by 4.4 per cent during April to January, 2017-18 over the corresponding period of previous year.

Electricity

Electricity generation (weight: 19.85 per cent) increased by 8.2 per cent in January, 2018 over January, 2017. Its cumulative index increased by 5.4 per cent during April to January, 2017-18 over the corresponding period of previous year.

Note 1: Data for November, 2017, December, 2017and January, 2018 are provisional.

Note 2: Since April, 2014, Electricity generation data from Renewable sources are also included.

Note 3: The industry-wise weights indicated above are individual industry weight derived from IIP and blown up on pro-rata basis to a combined weight of ICI equal to 100.

Note 4: Release of the index for February, 2018 will be on Monday, 2nd April, 2018.

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